01818 ZHAOJIN MINING
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ZHAOJIN MINING News
Gold: Rebound Towards Last Month High at $2725 Is Possible – Société Générale
Gold: China's Central Bank Buys More Gold – ING
Europe Natural Resources Fund: The performance of Gold will surpass that of the US stock market in 2024. Next year's trend will depend on whether Emerging Markets demand can be sustained.
Li Gangfeng stated that the price of gold in US dollars rose by 25.5% in 2024, setting a new historical high 40 times (with the highest seen at 2,790 dollars), achieving the best annual performance in the past 14 years, while last year's returns also outperformed the US stock market.
Will Gold Rally to Fresh Highs This Year? Have Your Say
Gold Futures Close Higher On Weaker US Dollar
Gold Declines After Trump Says His Tariffs Won't Be Pared Back
Gold Futures End Lower
Goldman Sachs Delays $3,000 Gold Forecast, Sees Fewer Rate Cuts In 2025
"Is the 'Trump Shock' putting an end to the Gold feast? Goldman Sachs changes its stance: Gold prices may struggle to rise to 3,000 dollars by the end of the year."
①Goldman Sachs predicts that gold prices may not rise to $3,000 by the end of the year, as Trump's policies may lead the Federal Reserve to reduce the scale of interest rate cuts in 2025; ③Goldman Sachs pointed out that central banks' continued buying of gold is a key driving factor for long-term gold prices, and it is expected that by mid-2026, the average monthly purchase volume by central banks will reach 38 tons.
Wall Street continues to look forward to the Gold bull market: aiming for 3,000 dollars.
After experiencing a glorious year in 2024, Fund managers still see reasons to remain Call.
Goldman Sachs has changed its mind! It has lowered the Target Price for Gold and no longer expects it to reach 3000 USD by the end of the year.
Goldman Sachs pointed out that the slowdown in the USA's monetary policy easing in 2025 will suppress the demand for Gold ETFs. Therefore, it is expected that the gold price will reach $2910 per ounce by the end of this year, rather than the previously anticipated $3000 per ounce. Goldman Sachs also expects the gold price to reach $3000 per ounce by mid-2026 as the Federal Reserve continues to cut interest rates.
The Golden Industrial Concept stocks have collectively declined, with LINGBAO GOLD (03330) dropping 4%. Goldman Sachs no longer predicts that gold prices will reach $3,000 this year.
Jinwu Financial News | Golden Industrial Concept stocks have seen a general decline. As of the time of writing, LINGBAO GOLD (03330) is down 4%, SD GOLD (01787) is down 1.62%, ZHAOJIN MINING (01818) is down 1.40%, and Zijin Mining Group (02899) is down 0.83%. On the news front, Goldman Sachs released a Research Report indicating that due to the market's expectation that the Federal Reserve will reduce interest rates from 100 basis points to 75 basis points this year, it expects that gold will not reach $3,000 per ounce by the end of this year and has postponed this prediction to mid-2026. The report states that this year the Federal Reserve will slow the pace of interest rate cuts, which will suppress demand for Gold ETFs.
Federal Reserve officials express concerns about inflation, and gold prices hover around $2,640.
Statements made by Federal Reserve officials over the weekend have reinforced the view that the Fed will adopt a more cautious approach to interest rate cuts this year.
Gold Futures Likely To Be Volatile Next Week
Gold Futures End Higher Amidst Ongoing Geopolitical Tensions
As fears around Trump rise, the trends in Emerging Markets MMF and Gold diverge.
Amid expectations of Trump possibly returning to the White House, the 30-day correlation between Gold and the MSCI Emerging Markets MMF Index has dropped to its lowest point in nearly three years. Over the past three years, these two Assets have been positively correlated 86% of the time, but now they are experiencing a 30-day negative correlation, which has occurred for only the fifth time in three years.
Emerging-Market Currencies Diverge From Gold on Trump Haven Bid
Gold's Rally Tested By Overhead Resistance
Hong Kong stocks are moving differently | Golden Industrial Concept continues to rise as gold prices increase, welcoming a strong start with multiple Bullish factors expected to boost gold prices in 2025.
The Golden Industrial Concept continues to rise. As of the time of this report, LINGBAO GOLD (03330) increased by 5.17% to 3.46 HKD; Zijin Mining Group (02899) rose by 3.39% to 14.66 HKD; ZHAOJIN MINING (01818) went up by 2.28% to 11.68 HKD.
The marine gold mine brings good news, ZHAOJIN MINING (1818.HK) adds certainty to its growth.
The year 2024 is destined to be a year for Precious Metals, especially Gold. Against the backdrop of increasing uncertainty in the Global economy, highlighting inflationary pressures, and ongoing central bank Shareholding in Gold, the price of Gold has been soaring. According to Wind data, London Gold has continuously oscillated upwards from 2000 dollars per ounce, breaking through 2700 dollars per ounce in October, reaching a yearly high, and maintaining a high running level. At the same time, with the current intertwining of geopolitical risks, changes in liquidity, and the demand for safe-haven assets, several major banks remain optimistic about future Gold prices. Goldman Sachs believes that by early 2025, the price of Gold will reach 2900 dollars per ounce.
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